Wesco amends ABL and receivables facilities: ups revolver to $1.85B, extends maturities

WESCO INTERNATIONAL INC

ABL Facility maturity extended to Sept 17, 2031; revolving commitments raised from $1,725M to $1,850M.
ABL Facility interest rate spreads reduced; negative covenant baskets increased.
Receivables Facility termination extended to Sept 17, 2029; purchase limit raised from $1,550M to $1,750M.
Receivables Facility drawn spread decreased; other amendments to agreement.
Barclays Bank PLC is administrative agent for ABL; PNC Bank administrator for receivables.

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